Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,686 shares of the real estate investment trust’s stock after purchasing an additional 6,696 shares during the quarter. EP Wealth Advisors LLC’s holdings in Gaming and Leisure Properties were worth $2,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Gaming and Leisure Properties during the 2nd quarter valued at about $31,000. EdgeRock Capital LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its stake in Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 384 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 590 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now owns 146,800 shares in the company, valued at approximately $7,397,252. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.37% of the company’s stock.

Gaming and Leisure Properties Trading Down 0.7 %

Shares of NASDAQ:GLPI opened at $50.09 on Tuesday. The firm has a fifty day moving average of $50.59 and a two-hundred day moving average of $48.92. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60. The firm has a market capitalization of $13.74 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.07%. The ex-dividend date is Friday, December 6th. Gaming and Leisure Properties’s payout ratio is presently 106.29%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GLPI. Raymond James raised their price objective on Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Wolfe Research raised Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a research note on Wednesday, November 20th. JMP Securities reissued a “market outperform” rating and issued a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus upped their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.